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West Red Lake Gold Mines Inc

www: www.westredlakegold.com   email: investors@westredlakegold.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
CVE:WRLG CAD
OTCMKTS:WRLGF USD

Description

West Red Lake Gold Mines Inc are a gold focused junior, late stage development company with one mine in development in Canada and three exploration properties. They have approximately 3.2Moz. of gold in the reserves and resources category of which 1.7Moz. are in the measured and indicated category. They have a market capitalisation of ~C$107.5M which is a rise of roughly 43% over the last ten months. As of 05/13/2023 they have no debt and ~C$11.87M cash. They have 184M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 05/13/2023
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
MCap (FD): $75.18M $107.50M 10/03/2023 $32.32M
Total Assets: $11.11M $14.84M 11/22/2023 $3.73M
Total Liabilities: $0.55M $0.55M 05/13/2023 $0.00M
Current Assets: $4.44M $11.87M 11/22/2023 $7.43M
Current Liabilities: $0.27M $0.27M 05/13/2023 $0.00M
Total Debt: $0.00M $0.00M 05/13/2023 $0.00M
Cash: $4.44M $11.87M 11/22/2023 $7.43M
Enterprise Value: $70.74M $95.63M 01/11/1973 $24.89M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: 05/13/2023 n/a
Misc 05/13/2023
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 119,000,000 184,000,000 10/03/2023 65,000,000
Shares (FD): 141,000,000 207,000,000 10/03/2023 66,000,000
Insider Ownership: n/a 40% 01/22/2024 40%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2020 05/13/2023 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
05/13/2023 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
05/13/2023 0
Initial CapEx (Outstanding): n/a n/a 05/13/2023 n/a
Funding Option: n/a n/a 05/13/2023 n/a
Documentation: none none 01/22/2024 n/a
Future MCap Modifier: 0.1
Developer: Likely Path to Production
0.15
Developer: Strong Path to Production
11/22/2023 0
Cash Flow Multiplier: 5 8 11/22/2023 3.00

Resource Data

GOLD 05/13/2023
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: 17.00M 1.70M 11/22/2023 -15.30M
Inferred: 12.00M 1.50M 11/22/2023 -10.50M
Reserves & Resources: 29.00M 3.20M never -25.80M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: 10.20M 1.02M 11/22/2023 -9.18M
Inferred: 4.50M 0.56M 11/22/2023 -3.94M
Reserves & Resources: 14.70M 1.58M never -13.12M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/13/2023 $0.00
Extra Operating Cost: n/a n/a 05/13/2023 $0.00
Average Grade: n/a n/a 05/13/2023 n/a
Recovery Rate: (guess)  75.00% (guess)  75.00% 05/13/2023 0.00%
F
U
T
U
R
E
Proven & Probable: 2.00M 3.00M 09/13/2023 1.00M
Annual Production: 80,000oz. 125,000oz. 09/13/2023 45,000oz.
Cash Cost: $1,000 $1,000 05/13/2023 $0
Extra Operating Cost: $500 $500 05/13/2023 $0
SILVER 05/13/2023
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: n/a n/a 05/13/2023 0.00M
Inferred: n/a n/a 05/13/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: n/a n/a 05/13/2023 0.00M
Inferred: n/a n/a 05/13/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/13/2023 $0.00
Extra Operating Cost: n/a n/a 05/13/2023 $0.00
Average Grade: n/a n/a 05/13/2023 n/a
Recovery Rate: n/a n/a 05/13/2023 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 05/13/2023 0.00M
Annual Production: n/a n/a 05/13/2023 n/a
Cash Cost: n/a n/a 05/13/2023 n/a
Extra Operating Cost: n/a n/a 05/13/2023 n/a

Property

Last Analysis Data  (05/13/2023)
Stage Name Owned Au Ag Cu Notes
Dev Madsen 100% show
2M oz deposit at 6 gpt.

Mill
Ready to restart production.
Exp Mount Jamie 100% show
Early exploration
Exp Red Summit 100% show
Early exploration
Exp Rowan 69% show
First 43-101 coming in 2014. They are hoping to find at least 2 million oz. The maiden 43-101 will likely be less than 1 million.
Total Land Package Size (ha): 7,800  
Current Data
Stage Name Owned Au Ag Cu Notes
Dev Madsen 100% show
2M oz deposit at 6 gpt.

Mill
Ready to restart production.
Exp Mount Jamie 100% show
Early exploration
Exp Red Summit 100% show
Early exploration
Exp Rowan 100% show
First 43-101 coming in 2014. They are hoping to find at least 2 million oz. The maiden 43-101 will likely be less than 1 million.
Total Land Package Size (ha): 7,800  

Profitability (by resource)

Proven &
Probable
05/13/2023
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD MCap / Gold Eq.: n/a n/a n/a $0.00
FD MCap / Silver Eq.: n/a n/a n/a $0.00
FD MCap / Per Metal
as % Spot Price:
n/a n/a n/a 0.00%
Measured &
Indicated
05/13/2023
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 17.00M 1.70M n/a -15.30M
Total (Silver Eq. Oz.): n/a n/a n/a -1,277.27M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 10.20M 1.02M n/a -9.18M
Silver Eq. Oz.: n/a n/a n/a -766.36M
Maximum Profit (Gold): $5,207.10M $545.70M n/a $-4,661.40M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $5,207.10M $545.70M n/a $-4,661.40M
Max Profit / Current MCap: 69.260 5.076 n/a -64.184
Max Profit Per Share (Gold): $36.93 $2.64 n/a $-34.29
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $36.93 $2.64 n/a $-34.29
Total Free Profit Per Share: $36.21 $1.94 n/a $-34.27
FD MCap / Gold Eq.: $7.37 $105.40 n/a $98.02
FD MCap / Silver Eq.: $0.09 $1.19 n/a $1.10
FD MCap / Per Metal
as % Spot Price:
0.37% 5.18% n/a 4.81%

Reserves &
Resources
05/13/2023
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 29.00M 3.20M n/a -25.80M
Total (Silver Eq. Oz.): n/a n/a n/a -2,152.22M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 14.70M 1.58M n/a -13.12M
Silver Eq. Oz.: n/a n/a n/a -1,094.47M
Maximum Profit (Gold): $7,504.35M $846.64M n/a $-6,657.71M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $7,504.35M $846.64M n/a $-6,657.71M
Max Profit / Current MCap: 99.816 7.875 n/a -91.941
Max Profit Per Share (Gold): $53.22 $4.09 n/a $-49.13
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $53.22 $4.09 n/a $-49.13
Total Free Profit Per Share: $52.50 $3.39 n/a $-49.11
FD MCap / Gold Eq.: $5.11 $67.93 n/a $62.82
FD MCap / Silver Eq.: $0.06 $0.76 n/a $0.70
FD MCap / Per Metal
as % Spot Price:
0.25% 3.34% n/a 3.08%

Future Valuation (Cash Flow & Totals)

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